Sysco Corporation (NYSE:SYY) signed an agreement to acquire Cegal Group AS from Norvestor Spv I Holding As on August 30, 2021. SYSCO and Cegal are joining forces to create a leading, global tech company for the energy sector and take a position as a powerful contributor to the green shift.The combined company will continue to have well established Norwegian owners with a consortium of investors managed by Norvestor, consisting of Argentum, Cubera and DWS as the majority owner and while existing SYSCO owners Credo Partners and Ferd will also retain ownership in the new company. Dagfinn Ringås will be assuming the role as Chief Executive Officer of the new company and Svein Torgersen will be the executive chairman of the board. The company will have headquarters in Stavanger, Norway and more than 700 employees from more than 30 nationalities located in eight countries. Carnegie Investment Bank Norway have acted as financial advisor to SYSCO AS in its contemplated merger with Cegal.